Bank Realization Certificate (BRC): Meaning and definition

Bank Realisation Certificate, also known as eBRC (electronic Bank Realisation Certificate), is a digital certificate issued by the bank to confirm that the exporter has received payment from the importer for a set of export goods. It acts as the proof of export, which helps the exporter avail incentives offered by the government under FTP (Foreign Trade Policy).

With eBRC, exporters can easily enter their BRC details digitally and claim incentives. It also made it easier for the DGFT to keep track of lengthy incentives calculation.